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Title 13 B, 406 Powers of Incorporators; Organizational Form

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Title 13 B, 406 Powers of Incorporators; Organizational Form

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good afternoon class today's topic is title ii incorporation and organization of private corporation in today's lecture we will be referring to several memorandum circulars issued by the securities and exchange commission so i will expect you to browse over memorandum circulars or to at least read them in substance anyway they will be part of your exams so let's begin with the first rule in incorporation incorporation of private corporations is a mere privilege meaning it is not a civil right it is not a natural right [Music] but it is a mere special grant or mere special privilege non corporation so the law which gave us the privilege to incorporate corporations or young acting general incorporation law for private corporations is known as your revised corporation code there is a revised corporation code of the philippines privilege or peanut began incorporating corporations so without the special act of legislature or cumberland general incorporation law which

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